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Treuhandanstalt

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Treuhandanstalt f
TreuhandanstaltThe Treuhandanstalt is a now defunct organization set up in 1990 to take over the nationally-owned companies of the former DDR, to break them down into smaller units and to privatize them. It was based in Berlin and had nine branches. Many companies were closed down by the Treuhandanstalt because of their outdated equipment and inability to compete with the western firms. This resulted in a rise in unemployment.
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